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PayPal, Google Give OCC’s Bank Charter The Cold Shoulder

PYMNTS

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level.

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Bank Regulators Probe Amazon Cloud

PYMNTS

The investigation was in April, ahead of the Capital One hack that resulted in the arrest of a former Amazon engineer. Capital One is just one of numerous financial institutions using Amazon’s cloud services to store customer data, igniting the question of where banks end and vendors begin. . banking system.

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Banks Push Back On Possible Banking Charters For Big Techs Like Amazon And Facebook

PYMNTS

The House committee held a hearing on the idea after Acting Comptroller of the Currency Brian Brooks in July proposed a new special purpose national banking charter for payments companies. The industry claims that means payments banks wouldn’t be subject to the same capital liquidity requirements that regular banks are.

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Are DAOs and Nations conscious? A look at Diem/Silvergate, Google Plex, and Solidly AMM.

Lex Sokolin

Anyway, this is a mechanism that regulates the spending of energy and attention according to the pursuit of some sort of goal. tribes, nations, companies, societies, NFT Discords?—?have Alternately, you might be a growing nation in need of risk-seeking activity?—?a calorically, evolutionarily? Forgive the anthropomorphism.

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Top News In Payments: Google Play Bans High-Interest Loan Services; Thoma Bravo To Buy Sophos

PYMNTS

Today in the payments news roundup, Google has reportedly prohibited high-interest consumer loan services from its Google Play store. Google Play Store Boots Payday Loan Apps. Google Play Store Boots Payday Loan Apps. High-interest consumer loan services are now prohibited from having apps on the Google Play store.

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Today In Payments Around The World: PayPal's Xoom Lowers Cost Of Sending Funds To Africa; Volante Accelerates Convergence For Exchange

PYMNTS

and Europe the ability to send secure funds to 12 nations in Africa for a reduced charge. PayPal’s Remittance Arm Xoom Enables Low-Fee Wallet Transfers Across Africa. Xoom, PayPal's money transfer arm, is now offering clients in the U.S., Canada, U.K. Sending money to Africa through traditional channels has always been expensive.

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Data Dive, Rainy Days Edition: Fines, Misses And Video Game Money Laundering

PYMNTS

Capital One’s Earnings Flub. Though Capital One had lots of positive forward-looking statements to make after releasing its Q4 earnings information last week, its stock sank as what investors and analysts most noted was that the bank missed on both earnings and revenue. Mastercard and Google Fend Off Fines. percent, down from 2.89

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